Look At This Stock - CATM

Aug. 12, 2013 12:47 AM ETCATM
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Jeff Pierce's Blog
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Momentum

Contributor Since 2008

I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in my opinion is out of date and there is wisdom in crowds.I've developed a market timing system that determines when it's best to be long, short or on the sidelines, using a number of proprietary indicators based on many time frames. I believe that to have longevity in this field one must find ways to calm the mind and trade from a detached point of view. Emotionless trading will allow you to respond to what's going on right now in the markets, rather than reacting to daily fluctuations.View my personal blog http://zentrader.ca/

By Jeff Pierce

This is a picture perfect chart setup for the sort of stocks I scan for each night for tradewithZEN. There's one minor flaw that prevented this stock from making my personal list - it's volume. It trades less than 250k shares avg daily volume and this is a personal rule of mine but you may not have that same criteria so I felt it worth pointing out as a potential trade idea.

Strong RSI, Strong ADX, Big Vol on Catalyst = future price appreciation. Keep an eye on this stock and if more volume moves into it over the coming quarters I may revisit this idea.

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